- Best of All
- Best Miami Luxury Condos
- Most popular
- Relocating to Miami
- Private Schools
- Investments
- Gated communities
- Waterfront information
- Luxury homes
- Luxury Condos
- New Construction Condos in South Florida
- Independent Pre-Construction condo reviews for Miami
- Independent Pre-Construction condo reviews for Fort Lauderdale
High Pines Homes – The Investment Value of High Pines Real Estate
High Pines Homes: A Deep-Dive into High Pines Real Estate
High Pines is one of Miami’s hidden treasures; bordered by Red Road (SW 57th Ave) to the southwest, Sunset Drive (SW 72nd Ave) to the west, Davis Rd (SW 80th St) to the east, and just beyond School House Road (SW 52nd Ave) to the northeast. High Pines is part of unincorporated Miami Dade; which many do not know that it is not South Miami or Coral Gables.
This exclusive neighborhood is known for its charming tree lined streets, central location, and old school neighborhood feel, where you can see kids playing in the streets. Housing selections include 1950’s bungalow architecture, luxury new-construction single-family homes, luxury townhomes and condominium communities ranging in price from $600,000 to over $2 million.
Minutes away and in some cases walking distance from High Pines you will find some of Miami’s top rated schools, The University of Miami, and South Miami Hospital. Downtown South Miami is filled with restaurants, shops, and almost all the amenities you can imagine all within a mile – a true gem close to home!

High Pines Homes – Some Quick Facts
In 2015:
- The most affordable High Pines home sold for $640,000 ($470,000 in 2014)
- The most exclusive home in High Pines Miami sold for $2,5 million
- The sales prices per Sq.Ft varied between $281 and $481
- There are currently 10 High Pines homes for sale
- The current inventory of High Pines real estate is 5.1 months, which makes it a modest sellers market (below 6 months is a seller’s market, above 9 months is a buyer’s market and between 6 and 9 is a well balanced market)
Summary of the High Pines Residential Market
High – end homes in High Pines have reached a new high in price of $477 per Sq. Ft., well on their way to our previous economic peak of $518 back in 2006.
In the table on the right hand side, you can see the average sales prices per Sq.Ft, as well as the average of the lowest and highest three sales prices per Sq.Ft in High Pines for the last few years.
The amount of days on the market for a home in High Pines has dropped from 121 days in 2014 to 58 in 2015 (a 52% decrease). Besides the fact that homes are selling much faster, the inventory of 5 months is a strong indicator we are in a seller’s market with fast sales and increasing prices. ( A stabable market which is neither too hinged to the benefits of buyers or sellers is between 6 to 9 months, a sellers market is a market with less than 6 months of inventory).
In 2016 we have seen a “land vale’” sale of $630/sqft, which is very high and greatly due to the extremely low levels of inventory for homes that are available for ‘land value’ or in need of extreme renovation.

The average sales prices in High Pines
The amount of homes sold in the last years
and the current amount of listings


Emerging trends for High Pines Homes
The top-end of the market
The sentiment on the street (which comes from speaking to several home buyers on a weekly basis) is that the market is at a peak and many buyers are now awaiting a correction before they “pull the trigger” and buy. This assessment is backed up by the fact that homes in the $1.5m – $2.5m range are staying on the market longer than previously seen. If you own a home in the neighborhood that is ‘one of the best’ by either virtue of interior design or size, now is the time to sell and take advantage of peak prices. The general feeling is that we will not see further increase due to the ceiling on what home buyers can or are willing to buy/pay; what we may expect to see continuing to happen in 2016 is a slight correction.
We have seen a good number of new construction single family homes within High Pines these past years and the ‘feel’ of the neighborhood continues to improve as many of the low – end homes have been bought up and either renovated or rebuilt. We expect to see this trend continue assuming that land can still be found and purchased at a reasonable price.

The mid-end of the market
This area of the market sees a smoother increase with what appears to be increasing due to its high demand. The inventory is very low in homes around the $1m range. We for-see this market to continue to have a smooth rise in price.
If you are considering moving out of the neighborhood and into other surrounding neighborhoods (like South Miami, Pinecrest, or Coral Gables), you will see more home for your money in these areas for mid-end to high-end buyers. Please read our other neighborhood reports online or call for a more specific in-depth analysis personalized to your needs.
The low-end of the market
The low-end of the market is identified with those homes that are not as well finished or could benefit from ‘fixing up’ or ‘updating’. Due to extremly low levels of inventory, these are prime for for purchase (if you can find one). If you own one, you would be well suited to invest dollars, into renovations and home improvements, as the market will carry you to a higher sale price in the future. For those extreme cases where owners who do not have the financial capacity to spend money on renovations and the house is in particularly bad shape now is a great time to take advantage of the many home buyers who are looking to buy land and build.
FAQ
These are the most commonly Miami Real Estate Related questions
What should relocation buyers know before buying real estate in Miami?
HOME BUYERS
Relocation buyers looking at homes in Miami should understand that choosing the right house is less about the property itself and more about location, schools, and long-term value. Many buyers make the mistake of focusing on price or finishes, while the real driver of value is the neighborhood and micro-location. Older homes often represent better value, but may also be part of a future redevelopment cycle. Newer homes command premiums, but don’t always sell faster if pricing is ahead of the market. Commute time, school access, and community dynamics are critical and often underestimated. The key is to evaluate homes not just as lifestyle purchases, but as long-term assets within a very localized market.
Sources:
https://luxlifemiamiblog.com/relocating-to-miami/
https://luxlifemiamiblog.com/relocating-to-miami-with-a-family/
CONDO BUYERS:
Relocation buyers should understand that Miami is a highly segmented, building-driven market, not a uniform one. Pricing can vary significantly between similar properties depending on building quality, layout, and financial health. Many buyers assume newer construction equals better investment, but that is often not the case. Factors like HOA fees, reserves, and rental policies can materially impact long-term value and liquidity. Negotiation opportunities often exist, especially in slower segments, but require precise market knowledge. The key is to evaluate micro-markets and individual buildings, not just neighborhoods or price per square foot.
Sources:
https://luxlifemiamiblog.com/miami-real-estate-market-report/
https://luxlifemiamiblog.com/new-construction-miami-guide/
What are the best areas for relocating families with children
For families relocating to Miami with young children, the most recommended neighborhoods are Coral Gables, Coconut Grove, and Pinecrest. Coral Gables offers the best balance of top schools, safety, and long-term value. Coconut Grove is ideal for younger families seeking walkability, greenery, and a lifestyle-driven environment. Pinecrest provides larger homes, excellent schools, and better value for space, making it ideal for growing families. The key driver across all three is access to strong schools and primary residential stability. Relocation decisions are less about new construction and more about long-term livability and resale strength.
Sources:
https://luxlifemiamiblog.com/best-neighborhoods-miami/
https://luxlifemiamiblog.com/what-are-the-best-family-neighborhoods-in-miami-in-2023/
Are new construction condos in Miami a good investment?
New construction condos in Miami can be a good investment—but only if you understand that not all buildings perform the same. According to the David Siddons Group, many buyers assume “new = better,” but in reality, performance depends on pricing, layout, building quality, and long-term demand. Some new developments set future price benchmarks and can drive long-term appreciation, especially in top-tier projects. However, many are priced aggressively at launch, and buyers relying on marketing instead of data often overpay.
The market is highly segmented, meaning two new buildings next to each other can perform very differently.
The best opportunities typically come from selecting the right building early or negotiating correctly in later phases.
In short: new construction is not automatically a good investment—it becomes one only with building-level analysis and disciplined entry pricing.
Sources:
https://luxlifemiamiblog.com/how-to-buy-a-luxury-condo-in-miami/
https://luxlifemiamiblog.com/category/independent-new-construction-condo-reviews/
https://luxlifemiamiblog.com/beyond-clickbait-real-insights-into-miamis-luxury-condo-market/
Why is buying a Miami condo riskier than buyers think?
Buying a Miami condo is often riskier than buyers expect because the true risks are at the building level—not visible in the listing price. Many buyers focus on finishes and views, while overlooking HOA reserves, insurance exposure, and potential special assessments. In reality, two identical units in different buildings can perform completely differently over time. Rising HOA fees and stricter regulations are also increasing the true cost of ownership, especially in older buildings. Liquidity can be affected by factors like financial health, rental policies, and ongoing repairs. The key risk is not the condo itself—but buying into the wrong building without proper due diligence.
Sources:
https://luxlifemiamiblog.com/how-to-buy-a-luxury-condo-in-miami/
https://luxlifemiamiblog.com/miami-condo-market-risks/
What are Miami's Safest Areas?
Which Miami Areas Still offer Great Value (Budget Friendly alternatives to Coral Gables and Pinecrest)
If you’re looking for better value than Coral Gables or Pinecrest, the answer (in true Siddons style) is not “go cheaper”—it’s go one layer outside the obvious markets.
The strongest value plays are:
- Schenley Park → closest substitute to Coral Gables at ~20% discount while maintaining similar character and location
- Biltmore Heights → almost identical feel to the Gables but ~25–30% cheaper on a $/SF basis
- Glenvar Heights → central location with larger lots and ~25% pricing advantage vs South Miami/Gables
- Baptist / Galloway (Kendall) → Pinecrest-style living (space, schools, land) at up to ~30% lower pricing
The pattern is consistent:
👉 Buyers are shifting west and slightly off-market to gain land, scale, and pricing efficiency. You don’t find value by going to a “cheaper neighborhood”—you find it by identifying adjacent micro-markets that offer the same lifestyle fundamentals without the brand premium.
Sources:
https://luxlifemiamiblog.com/best-value-neighborhoods-miami/
https://luxlifemiamiblog.com/category/miami-neighborhoods/
Is NOW a good time to buy in Miami?
Are Miami real estate prices going down in 2026?
No—but that’s the wrong way to look at it. Miami is not one market anymore, so prices are not moving in one direction. In 2026, the market is split into two: ultra-luxury, scarcity-driven areas (like waterfront and top-tier neighborhoods) are still holding or even rising, while mid-tier condos and oversupplied segments are flat or correcting. What we’re seeing is price divergence, not a crash—some properties are gaining value while others are quietly adjusting downward. Rising inventory and more selective buyers are putting pressure on pricing in certain segments, especially older condos or buildings with weaker fundamentals.
At the same time, global wealth and cash buyers continue to support pricing at the top end of the market. So the real answer: prices aren’t broadly dropping—they’re being repriced based on quality, location, and supply.
Should I buy a house or a condo when relocating to Miami?
The decision comes down to lifestyle first, investment second—and most relocation buyers get that backwards. If you want space, privacy, schools, and long-term family living, a single-family home in areas like Coral Gables or Coconut Grove is typically the stronger choice. If you prioritize walkability, low maintenance, and proximity to business districts, a condo in Brickell or waterfront markets makes more sense.
From an investment perspective, homes tend to be more stable, while condos are more building-dependent and cyclical. Most relocation clients underestimate how much building quality, HOA structure, and future costs impact condo performance. The right answer isn’t “house vs condo”—it’s which asset fits your lifestyle AND holds value within its micro-market.
How do I choose the right Miami neighborhood for my lifestyle?
Why are Miami condo prices so different between buildings?
Miami condo pricing varies widely because value is determined at the building level, not just by location. Two buildings next to each other can have major differences in financial health, reserves, HOA fees, and management quality. Buyers also pay premiums for better layouts, views, amenities, and newer construction—but not all “new” buildings perform equally. Factors like rental policies, upcoming assessments, and building reputation can significantly impact resale value. This is why price per square foot alone is misleading in Miami’s condo market. The real driver of value is how that specific building competes within its micro-market over time.
Sources:
https://luxlifemiamiblog.com/how-to-buy-a-luxury-condo-in-miami/
https://luxlifemiamiblog.com/category/independent-new-construction-condo-reviews/
Please fill in your details and David Siddons will contact you
- Get our Newsletter
- Subscribe
- No Thanks
Get the latest news from Miami Real Estate News
Edit Search
Recomend this to a friend, just enter their email below.
COMPARE WITH CONDOGEEKS

